Tesla shares fell as much as 1.2 per cent as of 9:35 a.m.in NY, a day after Musk's behavior on the company's earnings call sent the stock down by the most in more than a month.

The embattled TeslaCEO clarified his remarks on the latest Tesla earnings call in a Friday morning tweetstorm, explaining why he dismissed two critical questions from analysts by calling them "boring" and "boneheaded". But the stock slide showed that Wall Street's seemingly endless patience with Musk - who is also a rocket scientist and tunnel company chief - may be growing thin.

The news that Tesla released in its earnings report was "actually super good", Musk said in another tweet.

Levy added that although Tesla management should be "more disciplined publicly", the key to the stock is whether Tesla can ramp up production of the Model 3, its mass-market electric auto. It will be a crucial step in Tesla " s second "Master Plan', which will see the company expand beyond its current line-up with a second-generation Roadster and commercial vehicle entries, inculding an all-electric pick-up and a full sized Tesla Semi truck. Fresh design cues from the Model 3 such as the flat, grille-free front end could also define the new vehicle. RBC Capital's Joseph Spak then asked about how many Model 3 reservations had been converted into orders for the electric auto. The Model 3 will be manufactured in this undisclosed new site.

Will it have the same production problems as the Model 3? Tesla told shareholders that it expects to achieve the original goal of 5,000 units per week in a couple of months. The EV maker claims it doesn't need to raise more funds for capital expenditures. The first-quarter loss hit almost $710 million with a cash burn of $745 million. Alongside the Model 3, the Model Y will be an important step on the road towards the firm becoming a true volume vehicle manufacturer. But that's no reason to hand the call over to a blogger from YouTube for a dozen questions that spanned 23 minutes, which is what Musk did.

When RBC Capital Markets analyst Joseph Spak asked Musk about Model 3 reservations, the Tesla CEO responded, "These questions are so dry". The analysts were not happy, and it was reflected in Tesla's stock price. They're killing me." He also threw tantrums at Bernstein & Co analyst Antonio Sacconaghi, who asked: "And so where specifically will you be in terms of capital requirements?

Tesla posted a net loss of $710 million on $3.41 billion in revenue for the January-March quarter.

Share

Related Articles

Whether Manafort colluded with Russian government officials as Russia was trying to meddle in the 2016 United States election. Ellis accused Mueller's team of lying about the scope of the Russian Federation investigation.

Late today, CBS News told its employees it had hired a law firm to investigate the allegations in the Post report. Rose responded to the newspaper's article in a one-sentence statement: "Your story is unfair and inaccurate".

On Wednesday, US news network CNBC reported that China had installed the missile systems on three outposts in the South China Sea. The US often sends warships near the islands to publicly challenge Chinese claims.

In his early days in the White House, Kelly imposed strict controls on access and the flow of information to Trump. Officials: Kelly criticized Trump's lack of knowledge about DACA, calling him an idiot about it.

According to CBS affiliated WFSB-TV , seven people were injured so far who were all transported to a nearby hospital. North Haven Deputy Police Chief Jonathan Mulhern says none of the injuries are believed to be life-threatening.

She's been nominated for an Emmy numerous times and won a Career Achievement Award in 2003 from the Costume Designers Guild. Be sure to keep up with Enstars for the latest news and updates on the Tony Awards and your favorite celebrities.

While it is too early to tell how bank holiday Monday will pan out, meteorologists expect it to be a similar sort of day. But the weather over the May Day weekend will still be short of "tropical", according to the Met Office .

The biggest trade deficit condition reported by Canada
The Commerce Department said the trade deficit narrowed to $49.0 billion in March from a revised $57.7 billion in February. So too were higher exports to Britain (unwrought gold), South Korea (aircraft) and Japan (copper and coal).

1st death from romaine lettuce E. coli outbreak
OR has not been listed as one of the affected states and no resident has reported any illness relating to the E.coli outbreak. It usually doesn't require treatment beyond home remedies and staying hydrated, and most people recover within a week.

Abbas reelected as chairman of PLO Executive Committee
Israel, the European Union, United States and others lined up to criticise his words, which were labelled anti-Semitic. Ismail Haniya, the Head of the Palestinian Islamist movement Hamas, delivers a speech in Gaza City on April 30, 2018.

Jazz look to slow down Harden tonight
Tucker and Ryan Anderson , and more to analyze how the Rockets - not the Warriors - are this year's biggest threat in the West. In Game 1, the Rockets did a tremendous job spacing the floor and leaving the 7-foot-1 Frenchman on an island in the paint.

Fortnite Season 4 begins today with a big bang
Once you have finished these challenges you get a harvesting tool that matches the other pieces of the Carbide set. Considering the quality of Epic's trailer for each new weapon announcement, we sincerely hope it is the former.